This property looks like a bad Mid-Term investment with a projected -1.25% first-year return on $77,829 initial cash invested.
-1.25%
Cash On Cash
6.8%
Cap Rate
1.02
DSCR
$2,954
Rent
-$81
Cashflow
Cash Flow
$2,954 income − $3,035 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,954
Total Expenses
$3,035
Mortgage P&I
53%
$1,577
Property Taxes
12%
$354
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325